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  • Bitcoin Cash price is trading in the green, up with gains of 21.35% in the second half of the session.
  • BCH/USD bullish momentum has carried it firmly out of a narrowing daily range that had been containing the price since late September.
  • The price is trading back at its highest level seen since 24 September.

 

BCH/USD daily chart

The bulls have smashed out from a narrowing range-block formation, leaving the door open to further potential upside pressure.  

BCH/USD 60-minute chart

Upside momentum has run its course so it appears via the 60-minute view, as the latest candles start producing wicks.  

 

Spot rate:                  257.89

Relative change:       +21.45%

High:                          273.44

Low:                           212.13

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